KYC FAQs

Corporate App

We understand that in addition to proof of identity documents our clients might like to make full use of our robust document management module. Upload any document you wish to include in a case and we will time stamp the upload and allow you to retrieve it whenever and wherever you need.

Our system has the facility to set date, event, or regulatory reminders for you and your team at a frequency to cater for your specific company needs. We can also set reminders to refresh information such as individual identity documentation when the relevant document expires.

The checks conducted will vary depending upon the AML legislation of the relevant jurisdiction for which the search is being undertaken. However, as a guide, checks are usually undertaken as follows:

That the company exists and is not in liquidation

The directors and shareholders

The constitutional/ incorporation documentation

The latest annual return

The latest financial statements

Data bases we use to verify information

Some registries will not provide sensitive information, like financial information or shareholder data, and this will have to be provided by your client. However, once you have obtained the documents you require, KYC is able to extract shareholder information and compare them to several standard AML sanctions lists.

This is because the online systems for some companies may be slower, and also because some company registries are not fully automated meaning that some of the information available, has to be manually requested and obtained.

All company registries provide documents in the language of that particular country. Some company registries, as an added service, provide documents in other languages, but this is a minority of registries.

It may be that we are not currently covering that jurisdiction. KYC has a comprehensive roll out plan over the next twelve months to try and cover as many jurisdictions globally as possible. If the country that you require is not currently covered, please email us at info@knowyourcustomer.com to make an enquiry regarding that particular country.

No. Documents vary on a country by country basis depending upon the laws and regulations of that specific country in relation to public access to such information and the requirements to file such information with the company registry.

If other documents are available for the relevant company at that particular company registry, you may request other documents. For example, a certificate of good standing, or equivalent document, is not included in our standard search, but can be requested as an addition if required.

The documents vary depending upon the jurisdiction in which the investigation is being undertaken. Many jurisdictions provide a summary of information relating to the company, which includes many of the details required to complete KYC checks, along with copies of constitutional/ incorporation documents and financial information.